Indian ecommerce giant Flipkart has been engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail, according to media reports. However, complexities surrounding Dunzo’s ownership structure have reportedly posed challenges in finalising an acquisition deal, as per a media report. Despite these challenges, talks between […]
High-profile acquisitions, Apple’s foray and the blend of online and offline experiences redefine India’s retail landscape in 2023 As 2023 concluded, the retail landscape experienced substantial changes where high-profile acquisitions and divestments were seen reshaping the corporate landscape. With the arrival of tech giant Apple in India, the direct-to-consumer (D2C) platforms and brands embracing the […]
Fashion e-tailer AJIO, a part of Reliance Retail, has launched a D2C-focused content-driven interactive e-commerce platform AJIOGRAM. With this initiative, the e-tailer said it aims to empower Indian fashion startups that are “challenging the norms with their vision and innovative products”. AJIOGRAM, which can be accessed by switching stores within the AJIO app, aims to […]
Reliance Retail on Friday reported an 18.8 per cent year-on-year (YoY) rise in its gross revenue to Rs 77,148 crore for the quarter that ended 30 September 2023 compared to the last year at Rs 64,920 crore. The company reported a surge in revenues driven by robust growth across various consumption categories, with strong performances […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]
Bollywood actor Alia Bhatt, who recently started her business venture, Ed-a-Mamma, has joined hands with Reliance Industries-owned Reliance Retail Ventures Limited (RRVL). Announcing the partnership, Alia on Wednesday took to Instagram and wrote, “Delighted to share that Ed-a-Mamma and Reliance Retail Ventures Ltd have entered into a joint venture. Ed-a-Mamma is a bootstrapped venture with […]
Reliance Retail, the subsidiary of Reliance Industries Ltd (RIL), has witnessed a meteoric rise in valuation, surging from Rs 4.28 lakh crore in 2020 to Rs 8.28 lakh crore. The Chairman of Reliance Industries, Mukesh Ambani, disclosed this remarkable feat to investors, highlighting the company’s enduring popularity and sustained investor interest during the 46th AGM. […]
India’s largest retailer, Reliance Retail today announced the launch of its youth-focused fashion retail format, Yousta with the opening of its first store in Hyderabad’s Sarath City Mall. With contemporary tech-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority […]
